SUMMARY
- Edtech startup ODA Class has secured $500,000 in its Series B funding round.
- The funding came from Skywalker Education Technology Co. Ltd. (Singapore), Daituzi Education Technology Corporation Limited, and Matrix Partners China.
- This recent infusion of capital brings the total amount raised by ODA Class to $12.75 million.
Edtech startup ODA Class has secured $500,000 in its Series B funding round, with contributions from Skywalker Education Technology Co. Ltd. (Singapore), Daituzi Education Technology Corporation Limited, and Matrix Partners China.
This recent infusion of capital brings the total amount raised by ODA Class to $12.75 million.
In March 2020, the startup received an undisclosed sum during its pre-Series A funding round from China-based edtech giant Yuanfudao. The company has since seen significant growth, raising $9 million in 2021, an additional $3 million in 2022, and an extra $250,000 in 2023.
The Bengaluru-based edtech intends to allocate these funds to further enhance its impact across various critical areas, including digital marketing. This strategic investment is aimed at broadening the company’s brand visibility and expanding its reach to a wider audience.
Established in 2019, ODA Class offers live online courses catering to students from grade 1 to 10. Leveraging advanced AI technologies and innovative marketing approaches, the company delivers high-quality education at affordable rates.
With a team of educators hailing from prestigious institutions such as IITs and NITs, ODA Class has successfully served over 25,000 long-term students. The company is set to achieve its ambitious goal of enrolling 100,000 students by 2024, while simultaneously improving its educational platform.
The company has reported impressive financial performance, with revenues reaching Rs 26.90 crore for FY22, which went up to Rs 63.76 crore in FY23, and further to Rs 65.81 crore in FY24. The company has demonstrated effective cost management, with expenditures reported at Rs 79.20 crore in FY22, Rs 107.81 crore in FY23, and Rs 85.20 crore in FY24.
